Tuesday , 23 October 2018


Tag Archives: Canadian debt levels

Is a Real Estate Bust Coming to Canada – Finally?

The Canadian housing market is headed for a significant bust, in my view. It's going to be a repeat of the 2008 mortgage bubble deflation. Only it's happening to the north. People will lose a lot of money but those who understand and are properly positioned may gain fortunes.

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Statistics Canada: Typical Borrower Owes $115,000+, Albertans $158,000+, Home "Owners" $161,000+

StatsCan released a major report Friday that outlines the overall debt situation of Canadians... It only measured what is owed by Canadians who carry any form of debt, not those that are debt free, and according to the report, the typical borrower owed an average of $114,400 as of 2009. That number, however,...is almost certainly higher today due to...[the fact that] low lending rates have been at 1% since early 2008...More worrisome could be that two-thirds of all Canadians who carry debt owe more than the average. Words: 585

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